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HF 3833

as introduced - 92nd Legislature (2021 - 2022) Posted on 02/28/2022 02:12pm

KEY: stricken = removed, old language.
underscored = added, new language.
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Engrossments
Introduction Posted on 02/28/2022

Current Version - as introduced

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A bill for an act
 relating to motor vehicles; increasing maximum documentary fees charged by
dealers on motor vehicle sales and leases; amending Minnesota Statutes 2020,
section 168.27, subdivision 31.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.

Minnesota Statutes 2020, section 168.27, subdivision 31, is amended to read:


Subd. 31.

Documentary fee.

(a) A motor vehicle dealer may not charge a documentary
fee or document administration fee in excess of the amounts provided under paragraph (b)
for services actually rendered to, for, or on behalf of the retail buyer or lessee to prepare,
handle, and process documents for the closing of a motor vehicle retail sale or leasenew text begin of a
vehicle being registered in the state of Minnesotanew text end . The fee must be separately stated on the
sales agreement maintained under Minnesota Rules, part 7400.5200, and may be excluded
from the dealer's advertised price.

(b) For motor vehicle sales or leases made on or after July 1, deleted text begin 2017deleted text end new text begin 2022new text end , through June
30, deleted text begin 2020deleted text end new text begin 2023new text end , the maximum fee is deleted text begin $100deleted text end new text begin $200new text end . For motor vehicle sales or leases made on
or after July 1, deleted text begin 2020,deleted text end new text begin 2023, through June 30, 2024,new text end the maximum fee is deleted text begin $125deleted text end new text begin $275. For
motor vehicle sales or leases made on or after July 1, 2024, the maximum fee is $350new text end .

(c) "Documentary fee" and "document administration fee" do not include an optional
electronic transfer fee as defined under section 53C.01, subdivision 14.

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective for motor vehicle sales and leases made
on or after July 1, 2022.
 new text end